OpenAI says non-profit will remain in control after backlash
The move follows a bitter power struggle over the business.
Economic news
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UK consumer confidence at lowest level since December 2022, says Which?
Almost two-thirds of people believe economy will get worse in next 12 months amid tariffs uncertainty and Ukraine war
Consumer confidence in the UK economy has fallen to the lowest levels since the height of the cost of living crisis, as people worry about the impact of US tariffs and Russia’s war in Ukraine.
Almost two-thirds of people believe the economy will get worse in the next 12 months, while only 11% think it will improve, according to a survey from the consumer group Which?.
US oil output has peaked amid price fall, top shale producer warns
Crude fell to four-year lows on Monday on Opec supply increases and fear that tariffs will hurt demand
Credit Suisse to pay $511mn over helping Americans hide more than $4bn
Swiss bank admits it violated previous deal with the US justice department
Trump considering 100% tariffs on movies not made in the US
The president blamed foreign-made movies for the American film industry’s “very fast death”.
Trump White House says ‘no final decisions’ on foreign film tariffs
Officials say administration ‘exploring all options’ after president declared 100% tariff on non-US-produced films
The White House said on Monday that no final decisions have been made about imposing tariffs on foreign films, just a day after Donald Trump declared a 100% tariff on all movies produced outside the United States – an announcement that sparked widespread alarm across the global film industry.
“Although no final decisions on foreign film tariffs have been made, the administration is exploring all options to deliver on President Trump’s directive to safeguard our country’s national and economic security while Making Hollywood Great Again,” White House spokesman Kush Desai said.